GoldBod set to supply refined gold and silver directly to licensed jewellers

The Ghana Gold Board (GoldBod) has announced plans to supply refined gold and silver directly to licensed jewellers, following the commencement of local refining in partnership with Gold Coast Refinery.

GoldBod and Gold Coast Refinery signed a landmark agreement on January 20, 2026, paving the way for gold refining in Ghana beginning February 1, 2026.

The deal is expected to generate both direct and indirect jobs, with Gold Coast Refinery committing to operate around the clock in line with the government’s 24-Hour Economy policy.

GoldBod, Gold Coast Refinery ink historic agreement to refine gold locally

Speaking at a meeting with members of the Jewellers and Fabricators Association to discuss new gold purchasing directives and jewellery licensing reforms, GoldBod CEO Sammy Gyamfi emphasised that jewellers are licensed as fabricators, not gold buyers or traders, and must therefore source gold strictly through approved channels.

He warned that direct purchases from miners and unapproved traders undermine traceability and weaken ongoing reforms.

To support local value addition, Gyamfi announced that GoldBod will supply refined gold and silver directly to licensed jewellers once local refining begins.

“Beginning in March 2026, licensed jewellers will be able to purchase gold from GoldBod in standardized weights of 7.75g, 15.5g, and 31g, subject to license verification,” he said.

The engagement marks another step in efforts to protect the integrity of Ghana’s gold value chain while promoting transparency, compliance, and sustainable growth in the jewellery sector.

GoldBod has engaged members of the Jewellers and Fabricators Association on new gold purchasing directives and jewellery licensing reforms aimed at strengthening formalisation across Ghana’s gold value chain.

The CEO of GoldBod, @SammyGyamfi_, Esq., emphasised that jewellers are… pic.twitter.com/GhTzzODtqb

— Ghana GOLDBOD (@GhanaGOLDBOD) February 12, 2026

SP/MA

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